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Chart: Pre-Christmas marijuana product sales increase up to 53%

‘Tis the season for increased holiday spending – and that includes outlays on recreational cannabis products, which saw average category sales increases of more than 50% in 2018 on items designated for both gift-giving and personal consumption. Data from Seattle-based cannabis analytics firm Headset shows that sales in the?pre-Christmas week (Dec. 18-Dec. 24) in 2018 […]

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How cannabis vape companies are using technology to ensure consumer confidence and bolster sales

The worst days of the vaping crisis?are likely behind the state-legal marijuana industry, but many MJ firms are turning to technology?to help further boost cannabis vape consumer confidence as well as deal with the dip in sales that followed the health scare. Examples of?tech-based solutions available to cannabis companies include: Providing certificates of analysis (COA), […]

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Week in Review: Cannabis banking reform hits snag, recreational MJ goes to New Jersey voters, merger falls through & more

The head of a U.S. Senate banking panel signals marijuana banking reform could take longer than the cannabis industry hoped, legislators in New Jersey agree to put recreational marijuana legalization in front of voters in 2020, another cannabis business merger hits the skids – and more of the week’s top MJ business news. Key US […]

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Key US Senate leader signals major changes to cannabis banking bill, dimming prospects for significant reforms in 2020

U.S. Senate Banking Chair Michael Crapo,?an Idaho Republican, laid the foundation for his own version of cannabis banking reform with a potentially onerous THC potency cap when he released a statement saying he doesn’t support the Secure and Fair Enforcement?Banking?(SAFE) Act?as is. In September, the U.S. House of Representatives approved the SAFE Act, which would […]

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Statewide delivery policy ‘critical’ to cannabis industry success, California insiders say ahead of key court case

A controversial policy adopted last year by California that allows delivery of marijuana products anywhere in the state – even into areas where local municipalities have banned adult-use cannabis stores – is crucial to the ongoing success of the legal market, according to several delivery company officials. Those same officials told Marijuana Business Daily?they fear […]

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California agency suggests state marijuana tax system shift to potentially lower rates, address illicit-market threat

An independent California state agency issued a long-awaited report about the state’s cannabis tax system, and its recommendations include a major overhaul that would simplify and possibly reduce marijuana tax rates. The goals of the report were to assess how California’s marijuana taxes can best undercut the illegal market, discourage cannabis use by youth and […]

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